Global MCQ Practice

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Economic Growth Quiz 24 (25 MCQs)

Quiz Instructions:

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1. Amiyah opens a hair shop
2. Gustavus Swift invented the _____
3. Country has a high ratio of investment to GDP and rapid economic growth. If the net capital inflow from abroad is zero, what will be a necessary cost of such growth?
4. At which stage of the economic cycle would you expect to see negative economic growth?
5. According to paragraph 6, merchants were able to avoid the risk of carrying large amounts of gold and silver by
6. _____ is the total value of all goods produced by a country in one year.
7. Granted 17 million acres of Federal land to states _____ use the money to build colleges-stressed agriculture and engineering.
8. How does sustainable economic growth contribute to future generations?
9. What were the negative effects on cities around the factories that sprung up during Industrial Revolution?
10. What key factor affects a nation's economicgrowth the MOST?
11. Which of the following best describes gross domestic product?
12. URBAN societies typically mean what kind of economy?
13. Select all the items that DO NOT determine a country's standard of living and quality of life
14. What is the example of growth miracles mentioned in the text?
15. What is the main drawback of long term loans as a form of development aid?
16. Why do government experts track the business cycle?
17. What is a consequence of not achieving strong and sustainable economic growth on living standards?
18. What are negative effects of Growth
19. Education, training, skills and health care of the workers in a business or country.
20. What has happened to the income of the BRIC countries since 2001?
21. Virginia's economy is greatly dependent on _____
22. Which of the following is a major goal of short-run macroeconomic policy?
23. Human capital includes the _____ people use to produce goods and services.
24. _____ drove cattle from ranches to the railheads.
25. More people in an economy will normally result in
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